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NIO

Chinese EV maker Nio Inc (NYSE:NIO) has unveiled the ET9 executive sedan, priced over $100,000, entering the luxury EV market. The ET9 is set to compete with luxury hybrids like Porsche's Panamera E-Hybrid and Mercedes Benz's Maybach S580e, but as a pure electric vehicle. Nio plans to start ET9 deliveries in Q1 2025, with pre-sales already underway in China. Additionally, Nio aims to expand its infrastructure with 1000 new battery swap stations and 20,000 chargers in 2024. Despite a net loss in Q3, Nio's vehicle deliveries increased by 75.4% year-on-year.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 1:07 pm

AAPL

GOOG

GOOGL

TCEHY

Alphabet Inc. considered changing Google Play's fee model to avoid regulatory scrutiny but decided against it, fearing multi-billion dollar losses. Documents from the Epic Games antitrust lawsuit revealed Project Everest, which assessed alternative billing models. Google feared significant revenue loss with the proposed changes, opting instead for a model allowing developers to handle payments for a reduced fee. The Epic lawsuit also highlighted Google's app store duopoly with Apple Inc., which is under threat due to legal challenges and regulatory scrutiny.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 12:53 pm

AAPL

BBY

MASI

TGT

WMT

Apple Inc. (AAPL) faces a potential U.S. ban on its $17 billion smartwatch business due to patent infringement allegations by Masimo Corp. (MASI). Apple is modifying algorithms to avoid the ban. Apple Card Savings Account interest rate has increased to 4.25% APY. Apple instructed customer service not to guide customers to watch retailers, affecting sales at Walmart (WMT), Best Buy (BBY), and Target (TGT). Apple unveiled AI tech 'HUGS' for digital avatars and is under DOJ scrutiny for blocking the Beeper app.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 12:43 pm

AMD

ANSS

INTC

NVDA

SNPS

Synopsys, Inc. (NASDAQ:SNPS) is in talks to acquire ANSYS, Inc. (NASDAQ:ANSS), potentially creating a major design-software entity. The deal, which could materialize in early 2024, would combine Synopsys' chip design software expertise with Ansys' product performance forecasting software. Ansys is valued at $30 billion, while Synopsys has a valuation of $85 billion. The tech sector has seen a slowdown in M&A activity, but this acquisition could be a significant early deal in 2024. SNPS shares fell 6.34% to $524.46, then rose 0.67% after hours, while ANSS shares surged 18.08% to $357.98, then increased 2.35% after hours.

Portfolio Pulse from Nabaparna Bhattacharya

December 23, 2023 | 7:36 pm

BYDDY

TSLA

BYD Co Ltd (OTC:BYDDY) is gaining attention as a strong competitor to Tesla Inc (NASDAQ:TSLA) in the electric vehicle market. BYD, which produces BEVs, PHEVs, and FCEVs, is close to surpassing Tesla's BEV sales, with a 70% year-over-year rise in vehicle sales. Despite similar operating profits, BYD's market cap is significantly lower than Tesla's, attributed to regional market differences. Over 90% of analysts rate BYD as a 'buy', and both companies are considered the only two investable EV companies by Future Fund Managing Partner Gary Black.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 5:26 pm

BTCUSD

ETHUSD

The anticipated launch of the spot Bitcoin ETF is expected to occur between January 5-10, 2024. The SEC's 'cash only' requirement has been met by ETF providers, clearing the way for the launch. QCP Capital warns of potential short-term volatility, suggesting a 'sell the news' scenario with Bitcoin possibly retracing to $36,000 before resuming its uptrend. Long-term, QCP remains bullish on Bitcoin. They advise experienced investors to consider strategic plays like selling covered calls and buying puts. Ethereum may temporarily lag behind Bitcoin but could benefit from future spot ETF developments.

Portfolio Pulse from Murtuza Merchant

December 23, 2023 | 3:02 pm

IVR

NREF

ORC

The article highlights three mortgage REITs with high dividend yields: Orchid Island Capital Inc. (ORC) with a yield of 21.04%, NexPoint Real Estate Finance Inc. (NREF) with 17.29%, and Invesco Mortgage Capital Inc. (IVR) with 17.02%. These companies focus on income generation through mortgage-related assets and offer investors exposure to the mortgage market.

Portfolio Pulse from Chris Bibey

December 23, 2023 | 3:00 pm

AAPL

ROKU

TSLA

USO

Stock indices marked their eighth consecutive week of gains, with the S&P 500, Dow, and Nasdaq all rising. Inflation measured by the PCE index fell to 2.5% in November, the lowest since March 2021, prompting economists to reconsider the Fed's rate plans for 2024. Bullish views included predictions for Apple and Tesla, a potential Bitcoin ETF approval, and a Dogecoin rally. Bearish perspectives involved a drop in oil prices following Angola's OPEC exit, a predicted 75% fall in Ethereum, and a downgrade of Roku by Seaport Research Partners.

Portfolio Pulse from Michael Cohen

December 23, 2023 | 2:50 pm

DKNG

PDYPY

The NFL playoffs picture remains unclear, with only a few teams qualified. A bettor won $125K on a Brock Purdy MVP bet. The LA Dodgers signed Shohei Ohtani and Yoshinobu Yamamoto, becoming the betting favorite. The Detroit Pistons are nearing an NBA record losing streak, with a bet on them not winning another game. A FanDuel bettor has a parlay on NFL awards with potential for a big payout.

Portfolio Pulse from Chris Katje

December 23, 2023 | 2:47 pm

TSLA

Wedbush analyst Dan Ives praised Tesla CEO Elon Musk, comparing Tesla's current position to Apple's in 2008 and predicting significant growth. Ives raised Tesla's price target from $310 to $350 and maintained an 'Outperform' rating. He forecasts Tesla reaching a $1 trillion market cap in 2024 and launching a sub-$30,000 EV. Tesla aims for 1.8 million deliveries this year and Ives estimates 25%-30% growth in unit-volume next year, with potential upside from Model Y sales in China and Europe.

Portfolio Pulse from Anan Ashraf

December 23, 2023 | 6:45 am